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Search all homes for sale in the Central Ohio/Columbus and Knox County MLS

Category: Real Estate Analysis

IT SOLD: Dublin Road Home Fetches $3,000,000

IT SOLD: Dublin Road Home Fetches $3,000,000

5555 Dublin Road in rural Delaware, Ohio, sold for $3,000,000 on May 30, according to the Delaware County Auditor’s Office.

The property featured more than 22-1/4 acres along the Scioto River just south of Bellepoint and US 42. The Auditor’s site lists the home with five bedrooms, six full bathrooms, and four partial bathrooms in its 10,141 square feet and is situated on two parcels.


USDA Celebrates National Home Ownership Month

USDA Celebrates National Home Ownership Month

Received this press release from Acting Deputy Undersecretary for Rural Development on National Home Ownership Month. I am a huge fan of the USDA Rural Development loan program which offers 100% financing for buyers in areas determined as “rural.” For example, a rule of thumb, is that anything north of 36 in Delaware County is eligible but always ask when looking at homes. Only two counties – Franklin and Summit – have no areas that are eligible for the rural development program.

USDA Celebrates National Homeownership Month

Events across the Nation to Spotlight Efforts to Help Rural Americans Buy Homes

Acting Deputy Undersecretary for Rural Development Roger Glendenning today kicked off National Homeownership Month to celebrate the vital contribution homeowners have made to communities across rural America.

Home Ownership Month
Left to right, Lisa Mensah, Under Secretary Rural Development (RD), Franklin Codel, Head of Wells Fargo Home Lending and Tony Hernandez, Administrator U.S. Department of Agriculture, Rural Housing Service at the Champion of Rural Housing, Homeownership Month 2016 at the USDA, in Washington, DC on Tuesday, June 14, 2016. USDA photo by Steve Thompson.

“Owning a home provides rural residents a secure environment where they can raise families, and it helps invigorate local rural economies that are vital to the long-term security and well-being of our nation,” Glendenning said. “Homeownership fortifies communities, creates jobs and strengthens the local businesses that support our towns.”

USDA provides mortgage loan guarantees through partnerships with private-sector lenders to help low- to moderate-income rural homebuyers. In 2016 alone, USDA worked with nearly 1,500 lenders to help 116,000 rural individuals and families buy homes.

USDA has helped more than 4.1 million rural residents buy homes since the National Housing Act was passed 68 years ago.

Department of Agriculture employees will celebrate National Homeownership Month throughout June with events across the nation that demonstrate the Department’s longstanding commitment to provide affordable housing opportunities for rural Americans. To learn more about USDA’s observance of National Homeownership Month, please visit our Facebook page, follow @USDARD on Twitter, contact a USDA Rural Development State Office near you, or call (800) 670-6553.

USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; homeownership; community services such as schools, public safety and healthcare; and high-speed internet access in rural areas. For more information, visit


Tony Hernandez, Administrator U.S. Department of Agriculture, Rural Housing Service makes remarks at the Champion of Rural Housing, Homeownership Month 2016 at the USDA, in Washington, DC on Tuesday, June 14, 2016. USDA photo by Steve Thompson.

Refinancing Saves Delaware Residents Money

Refinancing Saves Delaware Residents Money

Study: Delaware No.1 in Refinance Savings

A recent SmartAsset study highlighted the amount of money saved per refinance and named Delaware County as tops in Ohio and #348 on the national level.

Delaware and Warren Counties ran first and second. Which seems fitting in that for most of the 21st-century the two have swapped the fastest growing county in the state title. That growth was easily seen in that the number of refinances in the top two counties each nearly equalled the next three combined.

Savings Per Refinance

Ohio’s Top Five

# City Refinances Avg. Refinance Avg. Yearly Savings
1. Delaware 2,077 $212,825 $2,593
2. Warren 2,357 $184,844 $2,252
3. Union 463 $176,289 $2,148
4. Geauga 804 $174,189 $2,122
5. Hamilton 1,012 $154,948 $1,888

Upon first look, I really was struggling to see if there was value in this as a “real” story or just a set of numbers tossed into ranking … because well with “big data” we can. But then it hit me.

Economic Impact. That’s the power of this study.

The house has – unfortunately – been the way the lower and middle classes have established wealth. And with the house crash we saw much of that wealth come crashing down. This study is showing that about $5 million has been saved on mortgage payments. Put another way, that is $2,593 that the 2,077 residents are able to pump back into our local economy. The data, which is from 2014, also shows the average refinance was for $212,825 which is well below the County’s average sale price of $288,049 during the same time period. Which is to be expected with really needing 80% loan-to-value to make a refinance worth it in most cases.

Savings Per Refinance


# City Refinances Avg. Refinance Avg. Yearly Savings
1. Pitken, CO 256 $993,141 $13,388
2. Granite, MT 15 $818,733 $10,709
3. New York, NY 3,022 $832,831 $10,146
4. Nantucket, RI 222 $766,140 $9,333
5. Union, NM 23 $702,000 $8,693

When extrapulated to the national level, it becomes obvious that the biggest numbers are going to be found in highest priced counties. For good reason, they paid more for the house in the first place and the refinances are going to save more “hard” dollars.

All-in-all the only real interest in this story is the potential economic impact of these refinances in these areas.

“3 Central Ohio Counties Tops in the State,” Columbus Business First, 2016.

Matt Tway: The Best Banker in the Universe

Matt Tway: The Best Banker in the Universe

Vendor Spotlight: Matt Tway, The Union Bank

“Matthew Tway is the best banker in the Universe,” Internet (which is always right, right?).

Matt is a long-time member of DelCo Profit Builders and is entering his second year as the group’s commercial lender.

Matt Tway, right, discusses The Union Bank's benefits during DelCo Profit Builders BNI meeting on Tuesday. [toby boyce]
Matt Tway, right, discusses The Union Bank’s benefits during DelCo Profit Builders BNI meeting on Tuesday. [toby boyce]

The Union Bank is different than a lot of commercial lenders in that it still uses the old-fashioned method of a loan committee evaluating your loan. When the committee meets the loan merits are discussed and it provides the opportunity for addtional subjectivity to be added into the project. “What do we know about this company?” is often asked. The Union Bank will loan within 100 miles of any location.

Matt is a resident of Marion where he lives with wife Annette – former DelCo Profit Builders member – and children. Matt’s niche is real estate investors that have been in the business about 4-6 years with proven ability to manage the properties. The Union Bank offers a unique program that can work with real estate investors on single-family, duplex, or triplex properties that most other lending institutions are not interested in.

An ideal referral for Matt includes:

  1. Dentist
  2. Commercial Realtors
  3. Single-Family mortgage lenders
  4. Property Managers
  5. Transportation
  6. Attorney
  7. Farmers
  8. Doctors
  9. Manufacturing Companies

If you are interested in talking with Matt call him today at 740-387-2265 x7134 or via e-mail at mtway (at) theubank (dot) com. (replace “at” with “@” and “dot” with “.”)

Boyce Earns GRI Designation

Boyce Earns GRI Designation

Toby Boyce has been awarded the Graduate, Realtor’s Institute (GRI) from the Ohio Association of Realtors®.

The Danville, Ohio, native serves on the board of directors for the Delaware County Board of Realtors® and is also a member of the Knox County Board of Realtors®, the Ohio Association of Realtors® and National Association of Realtors®. He serves on NAR, OAR and DCBR committees that assist in guiding the organizations into the future.

Toby Boyce C G Boyce Real Estate

The Ohio Association of Realtors® has approximately 27,000 members – the largest professional trade association in the Buckeye State – with only 5.6% of members having earned their GRI designation.

The Ohio Realtor® Institute series consists of three courses needed to obtain the Graduate Realtors® Institute designation. A few of the curriculum areas include construction, marketing, agency, equal opportunity, appraising, financing brokerage management, taxation, negotiating, and other current issues facing the real estate community.

Boyce is the President and Broker for C.G. Boyce Real Estate Co. based in Delaware. Earning his bachelor’s degree from Mount Union, Master’s in Business Administration from Heidelberg College, and additional studies at Hondros College.

He is married to Gretchen – CEO for C.G. Boyce Real Estate Co. – and the couple reside in Delaware with their dog.

Taking Toby Aside … why Delaware Future

Taking Toby Aside … why Delaware Future

Hello old friends. It has been a while since I’ve been around.

toby sadie gretchen beth graham
Toby, Gretchen and Sadie spend some time at Gallant Woods Park recently. [photo Beth Graham]
“whyDELAWARE” has been left to languish a bit as Toby launched C.G. Boyce Real Estate Co. with his wife and family. With the personal Web site and corporate Web site where does this leave my creative process?

As we worked through the ideas and topics, it became more work and I lost enjoyment of the writing since it was really being forced. Toby has never been a write for 10 minutes a day type guy, he will sit down and write non-stop for hours and then emerge and go to a different project. But time has not been our friend. The past few months.

So whyDELAWARE is going to experience a re-birth of sorts. We are still going to be a voice in the central Ohio real estate market – and highlight the finer points of what makes Delaware, Ohio, great.

Everything on the site will be original. The Gazette might publish the weekly property transfers but we are going to take the time to figure out what it really means and how it is going to effect your home and / or business life.

We are going to be sharing information on Delaware County events like we have always done, but it will be focuseed on the Social Media accounts for Toby and C.G. Boyce Real Estate Co.

Follow Toby C.G. Boyce Online

Media Toby Boyce C.G. Boyce Real Estate
Twitter @tobyboyce @cgboycere
Facebook Toby Boyce REALTOR Company Page
Personal Page
LinkedIn Personal Page Company Page
Pinterest My Pins Company Page
Instagram realtortboyce

So What Will Go Where?

The objectiv is to stay connected with all the great people we’ve met and done work with over the years. This site will become the place for Toby’s analysis of the real estate industry and local items — like restaurant updates, etc. — while items that are generally announcements of coming events will be published solely on our social media streams.

Where is C.G. Boyce?

As a brokerage site, it will be home to all the listings and will have publication of news that affects the entire brokerage – new agents, open houses, etc. – that are deemed to be of valuable to either all the agents or anyone associated with the company.

See you Soon …